Form D Reporting: Santa Maria Petroleum $536314 Fundraising. Mike Dai Submitted Oct 6 D form

Santa Maria Petroleum Inc. - Mike Dai

Santa Maria Petroleum Financing

Santa Maria Petroleum Inc., Corporation just submitted form D announcing $536,314 equity financing. This is a new filing. Santa Maria Petroleum was able to finance itself with $536,314. That is 100.00% of the fundraising offer. The total offering amount was $536,314. The private financing document was filed on 2016-10-06. The reason for the financing was: unspecified.

Santa Maria Petroleum is based in Ontario – Canada. The company’s business is not disclosed. The D form was signed by Mike Dai Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 1103-44 Victoria Street, Toronto, A6, Ontario, Canada, M5c 1Y2. Andrew Defrancesco is the related person in the form and it has address: 1103-44 Victoria Street, Toronto, A6, Ontario, Canada, M5c 1Y2. Link to Santa Maria Petroleum Filing: 000106299316011667.

Analysis of Santa Maria Petroleum Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Santa Maria Petroleum sold 100.00% of the offering. Could this mean that the trust in Santa Maria Petroleum is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 82.42% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies raise funds for different reasons and needs. The minimum investment for this fundraising was set at $0. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Santa Maria Petroleum Also

The Form D signed by Mike Dai might help Santa Maria Petroleum Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment